The International Monetary Fund has backed Nigeria’s closure of its borders with some neighbouring countries over issues bordering on illegal trade.
Selassie said although free trade was critical to economic growth of the continent, it must be legal and in line with agreements. Ahmed said the closure would remain in force until the country secured the commitment of its neighbours to trade agreements and treaties signed with them. The News Agency of Nigeria reports that the IMF projected a region wide economic growth of 3.2 per cent in 2019.
“There are some counties that have borrowed extensively, and this is not just from China but from all other sources of financing either through Euro bond, domestic markets or other sources of capital.
The moment IMF backs your program as a developing country; take a pause and ask yourself if you are on the path of growth. IMF backing Nigeria is a negative sign for me.
How won’t they? So that the inept MBuhari and his lead FG can go and borrow money.
What critics are going to say now.
lol same IMF that swindles Nigeria. Advised Nigeria to neglect investment in human capital to invest in infrastructure and later apologized.
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